The Cheapest Places to Live in the World in 2024
Each year I do an updated rundown of the cheapest places to live in the world, from the perspective of someone who wrote the book on this subject and regularly travels to the countries featured. So unlike a lot of these lists written from people who sit behind a desk all year, I’m bringing you the real deal with costs on the ground you can expect in 2024.
This is always going to be subject to your style of living, of course. There are people living on $2,000 a month in Western Europe because they’re frugal and there are people spending $10,000 per month living the high life in Thailand or Mexico. We can look objectively at who has the cheapest cost of living overall though, what the average person spends who lives there.
In keeping with the name of my book that’s now in its second edition, A Better Life for Half the Price, these countries all let you live well for less. If you are moving abroad from a country like Canada, the USA, Ireland, or New Zealand to any of the destinations on this list, you can easily cut your expenses in half—or just have twice as much fun on the same amount. You’re using currency arbitrage to upgrade your standard of living.
